Nextpower (NASDAQ:NXT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Nextpower (NASDAQ:NXT) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $125.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 10.31% from the company’s current price.

A number of other research firms also recently weighed in on NXT. Mizuho set a $81.00 target price on shares of Nextpower in a research report on Friday, January 23rd. Loop Capital set a $135.00 target price on shares of Nextpower in a research report on Wednesday. TD Cowen increased their target price on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group set a $140.00 target price on shares of Nextpower and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft set a $129.00 price objective on shares of Nextpower and gave the stock a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.88.

Nextpower Price Performance

Shares of Nextpower stock traded up $15.15 on Wednesday, reaching $140.52. 3,054,178 shares of the company traded hands, compared to its average volume of 1,987,692. Nextpower has a 52 week low of $51.69 and a 52 week high of $156.78. The company has a 50 day moving average of $115.69 and a 200 day moving average of $105.39. The firm has a market capitalization of $20.86 billion, a PE ratio of 36.04, a PEG ratio of 6.00 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last released its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. The firm had revenue of $880.52 million during the quarter, compared to the consensus estimate of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts anticipate that Nextpower will post 3.72 earnings per share for the current year.

Insider Transactions at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the sale, the chief executive officer owned 746,339 shares in the company, valued at approximately $78,492,472.63. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Nextpower

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Nextpower by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock valued at $1,048,279,000 after buying an additional 283,981 shares in the last quarter. State Street Corp raised its position in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock valued at $398,932,000 after buying an additional 31,689 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nextpower by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after buying an additional 236,593 shares in the last quarter. Invesco Ltd. raised its position in shares of Nextpower by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after buying an additional 139,211 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Nextpower by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after buying an additional 111,782 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat fourth-quarter earnings and revenue estimates, signaling stronger-than-expected operating performance. Article: Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company raised fiscal 2027 guidance, suggesting continued growth momentum and supporting the stock’s higher valuation. Article: Nextpower Stock Rises Sharply. Why the Solar Company Is Raising Guidance.
• Positive Sentiment: Several analysts lifted price targets after the report, including Susquehanna to $161, Robert W. Baird to $156, and TD Cowen to $135, reflecting improved sentiment around the name. Article: Analyst price target updates
• Neutral Sentiment: BMO Capital Markets also raised its target to $125 but kept a “market perform” rating, indicating a more cautious view despite the stronger results. Article: Analyst price target updates
• Neutral Sentiment: Nextpower announced an acquisition of power-conversion assets from Zigor and Apex Power, which could expand its solar and energy-storage product offerings over time, but the deal is still pending. Article: Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio

Nextpower Company Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.